Here is a brief analysis of the performance of the XRP (Ripple) currency today, based on .
🔍 Technical Analysis
1. Technical indicators (RSI, MACD, Stochastic, etc.) indicate strong selling pressure, suggesting the likelihood of continued downward pressure in the near term .
2. The price is trading below the daily moving average (20-50-100-200), all indicating a strong downward trend .
3. According to recommendations from TradingView/FXStreet, the general trend is currently classified as “strong sell,” with probabilities of the price remaining within the range [$2.09–$2.25] .
Important legal development: $XRP Ripple and SEC jointly filed a request to release $125 million of frozen funds, which could represent a positive momentum if approved before June 16, 2025 .
On the other hand, there are concerns about continued selling pressure even if the legal dispute stabilizes due to the geopolitical situation and available supply. $XRP
🎯 Short-term Outlook
Bearish Scenario: Continued price below resistance at ≈ $2.20–$2.25, with potential targets towards support at ≈ $2.09 or even $2.00 if pressure continues .
Bullish Scenario: A sustained breakout above $2.25–$2.30 may indicate an attempt to rebound towards $2.38, with potential support from legal statements and the release of held funds.
✅ Summary
Current Position: Clear downward pressure - selling continues.
Key to Recovery: Breaking resistance around $2.25–$2.30, and positively concluding the legal proceedings.
